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Gabi wants to buy a flat. The cost of the flat is £175 000 The bank uses this formula to work out the mortgage Gabi can get. M= 4.625A M= mortgage (£) A = annual income (£) Gabi has an annual income of
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Gabi wants to buy a flat.

The cost of the flat is £175 000
The bank uses this formula to work out the mortgage Gabi can get.
M= 4.625A
M= mortgage (£)
A = annual income (£)
Gabi has an annual income of £34 000
She will have to pay a deposit for the flat.
The deposit is the difference between the cost of the flat and the mortgage.
a) Work out the deposit that Gabi will have to pay.

User Nikans
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I don’t know as much but I hope this could work so if you multiply 34,000 x 5 you get 170,000 but if if you add 5,000 you’ll get 175,000 So your welcome
User Krishna Murti
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